X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Counsel beware. Lawyers who reflexively plug boilerplate terms into their contracts, without thoughtful consideration as to whether those terms are warranted or appropriate under the circumstances, risk unforeseen consequences that could seriously impair the parties’ benefit of the bargain. Black’s Law Dictionary defines boilerplate as “ready-made or all-purpose language that will fit in a variety of documents” or as “fixed or standardized contractual language that the proposing party views as relatively nonnegotiable.” By their very nature, boilerplate terms appear innocuous and typically go under the radar until the business terms are set. However, an inartfully drafted indemnification or a seemingly benign arbitration clause could spell disaster for the unwary general counsel.

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.